Recap: CNFinance Hldgs Q3 Earnings
Portfolio Pulse from Benzinga Insights
CNFinance Hldgs (NYSE:CNF) reported Q3 earnings with an EPS of $0.1, surpassing estimates by 66.67% against the expected $0.06. However, revenue declined by $360 thousand compared to the same period last year. Despite beating last quarter's EPS estimate, the share price fell by 3.74% the following day. Historical earnings performance shows mixed results with both beats and misses on EPS and revenue estimates in previous quarters.
November 29, 2023 | 11:05 am
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CNFinance Hldgs reported higher-than-expected Q3 earnings with an EPS of $0.1, but saw a decrease in revenue compared to last year. Historical data shows that a beat in earnings does not necessarily lead to a positive stock price movement.
While CNFinance Hldgs beat the EPS estimate, the decline in revenue and the historical stock price drop following the last earnings beat suggest a neutral short-term impact. Investors may have mixed reactions to the earnings beat due to the revenue decline and past stock performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100